#YonhapInfomax #FederalReserve #FedFundsRate #FuturesMarket #MonetaryPolicy #InterestRates #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=110782
The #SCOTUS just ruled 6-3 that the #POTUS does NOT have the power to unilaterally impose #tariffs on foreign goods. Only #Congress has that power.
So, why aren't the financial markets reacting??? 🤔
If all of Drumpf's punitive tariffs are revoked (& the US has to pay back the $ collected on them previously) that should be "good" for the economy because it should reduce inflation & increase the likelihood that the #FederalReserve will reduce the #FedFundsRate which will reduce the cost of production & increase productivity & reduce unemployment.
But the markets are mixed & basically unchanged at this time.
This news should have caused them to skyrocket, in the same way that the 1st time that #Drumpf imposed his childish tariffs caused them to tank.
WTF??? 🤷♂️

The decision is a major setback for President Trump, who responded by imposing a 10 percent global tariff after lashing out at the justices who ruled against him. Trade deals his administration has struck with countries around the world are now in question.

U.S. Treasury yields rose and the curve steepened after the FOMC upgraded its growth and employment outlook, but losses were pared as Fed Chair Powell dismissed the prospect of rate hikes, with markets now pricing in a high probability of steady rates through March.
#StockMarket #InterestRates #FedFundsRate . . .
I'm profiting but I'm still skeptical about the current state of the stock markets. 🤔
The BIG PLAYERS continue to drive the markets higher despite the negative fundamentals & the markets just popped up another 6/10th to 1% on the "news" that the Fed is dropping the Fed Funds rate another .25% to 3.5%, even though that "news" was already anticipated & baked into the markets.
Makes no sense to me but WTF do I know??? 🙄
I don't expect a CRASH but I'm still waiting for the other foot to drop when the BIG PLAYERS decide that there's more $ to be made in letting the markets drop than trying to continue to push them higher despite every indicator to the contrary. 🤷♂️
#Fed #FedFundsRate #StockMarket
The Fed just announced it's going to reduce the Fed Funds Rate by 1/2% to 4 3/4 to 5%
The #Dow just spiked up on the announcement but has since dropped back.
The Fed's projections are that rates "could" be lowered 1/4 more point in 2024 to drop the Fed Funds Rate to 4 1/2 to 4 3/4% and 1% more during 2025 to 3 1/2 to 3 3/4%.
So, if you're relying on interest income, now is the time to lock in those 4.5% or greater savings/CD/Treasury interest rates.
I would lower the Fed Funds rate by 50 basis points this week if it were up to me. Sadly it is not up to me.
- Inflation risks continue to decrease.
- There is a lag in impact to the economy and again the Fed has fallen behind.
- job additions have fallen and the risk to worse job numbers going forward is increasing.
- the current real rate is quite high and should be lowered
Last Feb meeting time I said it was time to lower the rate.
https://mastodon.social/@nomadcat/112836441027333223